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The emergence of Altseason and the fall of Bitcoin supremacy are also interconnected causes. What is clear is the increased interest in Ethereum (ETH), XRP, Litecoin (LTC), and other altcoins. According to Google analytics, these alternatives have been gaining popularity in recent months.
Credible Crypto, a renowned analyst, narrowed down 7 of these altcoins with ‘high potential’ amid the market correction. As per his tweet, the ‘dip’ posed a perfect buying opportunity for traders.
— Credible Crypto (@CredibleCrypto) May 12, 2021
According to the analyst, many traders were “underexposed” to BCH.
— Credible Crypto (@CredibleCrypto) May 13, 2021
BCH, the 10th largest coin, at the time of writing, was trading at the $1250 mark. It witnessed a price correction of 1.63% in the last 24 hours as per Coinmarketcap.
The analyst projected a huge rally for the altcoin.
However, a certain price level ($0.35) was to be maintained in order to gain momentum.
He reiterated the same to support his forecast for HBAR,
“People be like “HA knew that pump wouldn’t last such a pump and dump” like bro the pump started at .24 and is currently trading at .34 some 40% higher like what do you want.”